Apr 2, 2018
Amazon and Intel drive US markets lower
Wall Street shares plunged on Monday in a widespread sell-off led by technology companies. Intel shares plummeted by more than 7% after a report that Apple plans to stop using Intel chips for computers. E-commerce giant Amazon slid by more than 5%, after new attacks from US President Donald Trump. The falls come amid increased debate in the US about competition and privacy rules, as well as tensions over trade. Tesla shares also fell by more than 5%, after the firm was rebuked by US safety regulators for sharing information about a recent crash.
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